M&M unit offloads 3.58 pc stake in CIE Automotive for 119 mn euros
- Country:
- India
Mahindra & Mahindra on Thursday said its subsidiary has sold 3.58 per cent stake in CIE Automotive S.A for around 119 million euros.
Mahindra Overseas Investment Company (Mauritius) Ltd (MOICML), a wholly-owned subsidiary of the company, has sold part of its stake representing 3.58 per cent of CIE Automotive S.A outstanding shares, the Mumbai-based auto major said in a regulatory filing.
CIE Automotive SA is an associate of MOICML, it added.
Mahindra shares were trading 0.6 per cent up at Rs 3,672.20 apiece on the BSE.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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